Quantcast
Channel: MoneySavingExpert.com Forums - Mortgages & Endowments
Viewing all articles
Browse latest Browse all 36823

Second Charge?

$
0
0
We want to protect the cash gift we are giving our son to buy his first flat. I understood that a second charge (after the mortgage lender) would ensure that the cash balance of any sale could not be spent on fast cars or similar! The mortgage broker says that no lender will agree to a second charge (even though it only relates to any balance after their loan is repaid in full.)
Anyone had any experience please? Thanks.

Viewing all articles
Browse latest Browse all 36823

Trending Articles